Olian Transport Ltd - Period Ending 2017-09-30

Registration number: 10369632

Olian Transport Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Period from 11 September 2016 to 30 September 2017

Accountancy 4 You Ltd
416 Suite
Houldsworth Mill
Houldsworth Street
Stockport
SK5 6DA

Olian Transport Ltd

Contents

Company Information	1
Accountants' Report	2
Statement of Comprehensive Income	3
Abridged Balance Sheet	4
Notes to the Abridged Financial Statements	5 to 8

Olian Transport Ltd

Company Information

Director

Mr Tomasz Mieszkuniec

Company secretary

Mr Tomasz Mieszkuniec

Registered office

12 Beverley Drive Stoke-On-Trent ST2 0JF

Accountants

Accountancy 4 You Ltd 416 Suite Houldsworth Mill Houldsworth Street Stockport SK5 6DA

Page 1

Chartered Management Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Olian Transport Ltd
for the Period Ended 30 September 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Olian Transport Ltd for the period ended 30 September 2017 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member of the Institute of Chartered Management Accountants in UK (CIMA), we are subject to its ethical and other professional requirements which are detailed at www.cimaglobal.com.

This report is made solely to the Board of Directors of Olian Transport Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Olian Transport Ltd and state those matters that we have agreed to state to the Board of Directors of Olian Transport Ltd, as a body, in this report in accordance with . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Olian Transport Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Olian Transport Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Olian Transport Ltd. You consider that Olian Transport Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Olian Transport Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Accountancy 4 You Ltd
416 Suite
Houldsworth Mill
Houldsworth Street
Stockport
SK5 6DA

8 December 2017

Page 2

Olian Transport Ltd

Statement of Comprehensive Income for the Period from 11 September 2016 to 30 September 2017

	Note	2017 £
Profit for the period		4,531
Total comprehensive income for the period		4,531

The notes on pages 5 to 8 form an integral part of these abridged financial statements.

Page 3

Olian Transport Ltd

(Registration number: 10369632)
Abridged Balance Sheet as at 30 September 2017

	Note	2017 £
Current assets
Cash at bank and in hand		3,058
Creditors: Amounts falling due within one year		(3,048)
Net assets		10
Capital and reserves
Called up share capital		10
Total equity		10

For the financial period ending 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 8 December 2017
 

.........................................

Mr Tomasz Mieszkuniec

Company secretary and director

The notes on pages 5 to 8 form an integral part of these abridged financial statements.

Page 4

Olian Transport Ltd

Notes to the Abridged Financial Statements for the Period from 11 September 2016 to 30 September 2017

1	General information

Country of incorporation

The address of its registered office is:
12 Beverley Drive
Stoke-On-Trent
ST2 0JF
England

These financial statements were authorised for issue by the director on 8 December 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Page 5

Olian Transport Ltd

Notes to the Abridged Financial Statements for the Period from 11 September 2016 to 30 September 2017

3	Staff numbers

Average number of employees

4

Dividends

	2017
	£

5	Transition to FRS 102

Balance Sheet at
 

	Note	As originally reported £	Reclassification £	Remeasurement £	As restated £
Capital and reserves
Total equity		-	-	-	-

Page 6

Olian Transport Ltd

Notes to the Abridged Financial Statements for the Period from 11 September 2016 to 30 September 2017

Balance Sheet at
 

	Note	As originally reported £	Reclassification £	Remeasurement £	As restated £
Capital and reserves
Total equity		-	-	-	-

Page 7

Olian Transport Ltd

Notes to the Abridged Financial Statements for the Period from 11 September 2016 to 30 September 2017

	Note	As originally reported £	Reclassification £	Remeasurement £	As restated £
Turnover		-	-	-	-
Operating profit/(loss)		-	-	-	-
Profit/(loss) before tax		-	-	-	-
Profit/(loss) for the financial period		-	-	-	-

Page 8